Practical retirement and financial planning insights for retirees and near-retirees across Utah, written by the advisors at Peterson Wealth.
By Carson Johnson, CFP®, CRPC™, NSSA™
Capital gains can be one of the most overlooked investment tax traps in retirement. This is something that I have seen, we have seen, many times throughout working with retirees and really just understanding what are capital gains, how they are taxed, and how can they work in retirement. What is a Capital Gain? So […]
3 min readRead more
By Carson Johnson, CFP®, CRPC™, NSSA™
Step-up in basis is an important planning tool that can make taxable capital gains disappear when leaving property to your heirs. I want to talk about step-up in basis because it’s an important part as part of a retirement plan. For those that have taxable assets things like a non-retirement account stocks, bonds, mutual funds, […]
4 min readRead more
By Daniel Ruske, CFP®
If you are one of the Intermountain Health caregivers who earned a pension, this decision probably feels personal, and it should. You put in years of work for this benefit, and with the plan freeze on the horizon, the question of what to do with it has gone from someday to soon. It is also […]
11 min readRead more
By Carson Johnson, CFP®, CRPC™, NSSA™
A Qualified Charitable Distribution is one of the best tax planning and charitable giving strategies available to retirees. For those that give regularly in retirement, they should consider this as part of their retirement plan. A Qualified Charitable Distribution is a provision in the tax code that allows you to withdraw your money from your […]
3 min readRead more
By Carson Johnson, CFP®, CRPC™, NSSA™
A Donor-Advised Fund is an excellent tool to maximize your charitable giving while minimizing your tax burden. I like to think of these accounts as a charitable giving account. How these accounts work is you donate cash or other assets such as stocks, bonds, mutual funds, etc. and the amount that you contribute gives you […]
3 min readRead more
By Carson Johnson, CFP®, CRPC™, NSSA™
One of the most common questions that we get is, should I do a Roth conversion? And if so, how much? What is a Roth conversion? Now, for those that don’t know what a Roth conversion is, all it is is simply taking money from your IRA or 401K retirement accounts and converting them to […]
5 min readRead more
By Carson Johnson, CFP®, CRPC™, NSSA™
Many of you throughout your working career have contributed to a tax deferred retirement account, whether that be a 401k, 403b, 457, or even an IRA account. Once you hit a certain age, you’ll be required to take what’s called Required Minimum Distributions that forces you to take money out each and every year and […]
4 min readRead more
By Carson Johnson, CFP®, CRPC™, NSSA™
For many couples approaching retirement, reaching $2 million in savings […]
9 min readRead more
By Ali McFadden
Almost every homeowner in America understands the bond market better than they realize. A bond is a loan you make. You hand your money to a company or a government; they agree to pay you a set rate of interest for a set number of years, and they promise to return your money at the […]
7 min readRead more
By Alex Call, CFP®
One of the most common questions we hear is: “Can I […]
5 min readRead more
By Daniel Ruske, CFP®
If you work for Intermountain Health, your retirement planning has more moving parts than it used to. Pension changes, 401(k) choices, healthcare costs, and future paycheck questions all feed into the same outcome: how your life gets funded once you stop working. The most avoidable mistakes here tend to be practical ones. They usually happen […]
8 min readRead more
By Daniel Ruske, CFP®
Stepping into retirement brings a new kind of responsibility. Paychecks stop, yet tax bills from the IRS and the state of Utah keep coming. For retirees in Salt Lake City, the amount you keep after taxes is what truly supports your lifestyle, and when and how you take withdrawals can matter more than your total account […]
13 min readRead moreSchedule a call with one of our financial advisors.
